3M, Du Pont Net Climb; Bristol-Myers, Pfizer, P&G Net Tumble

Mukesh Buch
27 Jan, 2015
New York City

3M net climbed 7% but sales fell 2%. Bristol-Myers net tumbled 98%. Caterpillar profit declined 25%. Corning net surged 135%. Du Pont revenues dropped 5%. Lockheed Martin net jumped 85%. Pfizer profit plummeted 52%. P&G net tumbled 31%.

[R]12:05 PM New York – 3M net climbed 7% but sales fell 2%. Bristol-Myers net tumbled 98%. Caterpillar profit declined 25%. Corning net surged 135%. Du Pont revenues dropped 5%. Lockheed Martin net jumped 85%. Pfizer profit plummeted 52%. P&G net tumbled 31%.[/R]

Tollbooth Index dropped 1.1% or 114 to 10,056.08.

Earnings Review

3M Company ((MMM)) slipped 1.7% or $2.80 to $161.44 after the diversified technology company said net sales in the fourth-quarter ending in December dropped 1.9% to $7.72 billion from a year ago period.

Net income in the quarter climbed 7.3% to $1.18 billion or $1.81 a diluted share compared to $1.10 billion or $1.62 from the same quarter last year.

Bristol-Myers Squibb Co ((BMY)) dropped 2.2% or $1.38 to $61.04 after the biopharmaceutical company reported total revenues in the fourth-quarter ending in December slumped 4% to $4.26 billion from a year ago period.

Net income in the quarter tumbled 98.2% to $13 million or 1 cent a diluted share compared to $726 million or 44 cents from the same quarter last year.

Caterpillar Inc ((CAT)) plunged 7.6% or $6.51 to $79.48 after the construction and mining equipment maker said sales in the fourth-quarter ending in December fell 1.1% to $14.24 billion from a year ago period.

Net income in the quarter declined 25% to $757 million or $1.23 a diluted share compared to $1 billion or $1.54 from the same quarter last year.

Corning Inc ((GLW)) gained 1.3% or 32 cents to $24.23 after the liquid crystal display glass maker stated net sales in the fourth-quarter ending in December soared 23% to $2.40 billion from a year ago period.

Net income in the quarter surged 135% to $988 million or 70 cents a diluted share compared to $421 million or 30 cents from the same quarter last year.

E I Du Pont De Nemours And Co ((DD)) slumped 2.9% or $2.14 to $71.97 after the industrial conglomerate reported net sales in the fourth-quarter ending in December dropped 4.8% to $7.38 billion from a year ago period.

Net income in the quarter soared 269.2% to $683 million or 74 cents a diluted share compared to $185 million or 20 cents from the same quarter last year.

Lockheed Martin Corporation ((LMT)) dropped 2.2% or $4.31 to $191.37 after the security and aerospace company said net sales in the fourth-quarter ending in December climbed 8.7% to $12.53 billion from a year ago period.

Net income in the quarter jumped 85.2% to $904 million or $2.82 a diluted share compared to $488 million or $1.50 from the same quarter last year.

Pfizer Inc ((PFE)) fell 6 cents to $32.74 after the biopharmaceutical company reported revenues in the fourth-quarter ending in December slid 3% to $13.12 billion from a year ago period.

Net income in the quarter plummeted 52% to $1.23 billion or 19 cents a diluted share compared to $2.57 billion or 39 cents from the same quarter last year.

Procter & Gamble Co ((PG)) declined 3.8% or $3.43 to $86.16 after the consumer packaged goods maker net sales in the fourth-quarter ending in December slipped 4% to $20.16 billion from a year ago period.

Net income in the quarter tumbled 31% to $2.37 billion or 82 cents a diluted share compared to $3.43 billion or $1.18 from the same quarter last year.